US Daily Cash Deficit 8/13/2013

The Cash Deficit for 8/13/2013 was $6.0B with revenues underperforming compared to last year…primarily due to excise tax receipts…we will probably catch back up on those¬†tomorrow. But as it stands, the cash deficit for August 2013 is $58B, $13B under last year, though adjusted for the timing of SS payments $12B…we are pretty much in line with decreased outlays being offset by decreased revenues. We will likely see a ~5-$10B deficit on Wednesday, and $30-40B deficit Thursday…followed by a wash on Friday, ending the week around $100B for the month.

08-13-2013 USDD